HIPO

Hippo Holdings Inc. operates as an insurance technology company that provides home insurance products through its technology-driven platform. Headquartered in Palo Alto, California, the company leverages artificial intelligence, data analytics, and smart home technology to offer homeowners insurance policies across the United States. Hippo underwrites and sells policies through its insurance entities while utilizing a combination of proprietary technology and third-party data sources to assess risk and price coverage more efficiently than traditional carriers. The company's platform integrates with smart home devices and offers proactive home monitoring services designed to prevent claims before they occur. Hippo went public in August 2021 through a merger with a special purpose acquisition company (SPAC), valuing the combined entity at approximately $5 billion at the time. The company operates in select states across the U.S. and partners with reinsurance providers to manage risk exposure. In recent years, Hippo has focused on expanding its geographic footprint, refining its underwriting models, and managing loss ratios amid challenging conditions in the homeowners insurance market. The company positions itself as a modern alternative to traditional home insurance carriers by emphasizing technology-enabled customer experience, faster quote-to-bind processes, and preventative home protection services that differentiate it from legacy insurers in the property and casualty insurance sector.